logo

U.S. PIRG Consumer Blog

« Send us consumer ripoff stories | Main | Enron Settles Grandma Millie Case With California »

July 15, 2005

FDIC To Vote On Preemption Rulemaking

Looks as if the FDIC will discuss and perhaps vote Tuesday on whether to go forward with a rulemaking on preempting certain stronger state consumer laws, as recently requested by the bank lobby known as the Financial Services Roundtable.

Allies Yolanda MGill of Center for Responsible Lending, John Taylor of National Community Reinvestment Coalition and Elizabeth Renuart of National Consumer Law Center vigorously opposed the idea at a recent FDIC hearing. The OCC, of course, has already shown the FDIC the wrong way down this ominous road.

Posted by Ed Mierzwinski at July 15, 2005 01:35 PM


Comments

Post a comment




Remember Me?



218 D. Street, SE Washington, DC 20003
Phone (202) 546-9707

E-mail: